COVID-19 economic crisis: When foreign loan is detrimental to local economy (The Nation) 

The Nation (Nigeria) published an article discussing the agriculture contribution to Nigeria’s nominal GDP. In 2019, agriculture contributed about 22.12% to total Nigeria’s nominal GDP. As Nigeria plans its response to the health crisis, it fears a food shortage and losses in the food supply. IFPRI has projected that an extra 148 million people will fall into extreme poverty if the world economy contracts by 5% in 2020 (see blogpost, Poverty and food insecurity could grow dramatically as COVID-19 spreads). It has been estimated that 200 million across the world could be rendered unemployed while over 140 million people could fall into extreme poverty, and consequently escalate food insecurity.